Nineteen US banks have launched Zelle, the mobile P2P money transfer service unveiled last October to compete with the likes of Venmo, allowing users to send money directly to each other’s bank accounts within minutes... More
Bank of America (BofA)
Bank of America adds AI to mobile app
A digital assistant that makes use of artificial intelligence, predictive analytics and cognitive messaging is to be built into Bank of America’s mobile app from next year... More
US banks unveil money-transfer app
America’s biggest banks have launched a money-transfer app to compete with PayPal, Venmo and Square Cash, Reuters reports... More
Mastercard and Visa join ClearXChange
Mastercard and Visa have joined Early Warning’s peer-to-peer network ClearXChange, allowing US consumers to send money to others using their Mastercard or Visa credit and debit cards... More
Samsung Pay to get iris authentication with Galaxy Note 7
Samsung Pay users will soon be able to secure purchases by scanning their eyes with the Galaxy Note 7, the latest addition to the Korean phone-maker’s pen-oriented line up. More
Masterpass to enable in-store NFC mobile payments
Mastercard has unveiled an enhanced version of its Masterpass digital payment platform, adding in-store NFC mobile payment capability to the service that has so far only been available for online and in-app payments. More
Capital One joins ClearXChange
Customers of Capital One in the US can now make real-time P2P transactions through Early Warning’s bank-led digital payments network ClearXChange... More
More US consumers open to mobile payments
Two out of five US consumers (40%) have or would use in-store mobile payments, up from 34% in 2015, research from Bank of America reveals... More
Microsoft launches NFC payments for Windows 10 phones
Microsoft has introduced an NFC payment feature for users of Windows 10 Mobile devices in the US through its Microsoft Wallet app... More
Bank of America enables Apple Pay and Samsung Pay at ATMs
Apple Pay and Samsung Pay can now be used to make withdrawals and transfers at Bank of America ATMs, according to a user on Reddit... More
Microsoft to launch HCE mobile payments with Wallet 2.0
Microsoft will unveil a new Wallet 2.0 app this summer that will bring with it host card emulation (HCE) mobile payments, an internal build of the updated app seen by Windows Central reveals... More
Bank of America adds Android Pay withdrawals at ATMs
Bank of America (BofA) customers can now make cash withdrawals at ATMs in the US using their mobile phone and Google’s Android Pay mobile payment service, the bank has announced at this week’s Google I/O conference... More
Bank of America reports on mobile banking
Bank of America added 910,000 new mobile banking users during the first quarter of 2016, resulting in a total of almost 20m active users, CEO Brian Moynihan revealed during the bank’s Q1 earning results... More
Bank of America and Wells Fargo to add NFC to ATMs
Bank of America and Wells Fargo are working on integrating NFC into their ATMs to let customers complete transactions using their smartphones and services such as Apple Pay, according to TechCrunch... More
JPMorgan Chase looks to NFC ATMs
JPMorgan Chase is to roll out ATMs that will let customers withdraw cash using their mobile phone... More
US banks head to mobile at the ATM
Customers of US banks Wells Fargo and Bank of America will soon be able to withdraw cash and complete transactions at the ATM using their smartphone... More
60% of US cards to support EMV by year end
Six in ten US payment cards (60%) will include an EMV chip by the end of 2015, research from the Payment Security Task Force shows, and that number will grow to 98% by the end of 2017... More
Samsung Pay goes live in the US
Samsung Pay has launched in the US today after going live in Korea in August 2015, where it racked up a total 1.5m transactions in its first month... More
Google launches Android Pay in the US
Google has begun rolling out its Android Pay mobile payment platform across the US today. In-store NFC mobile payments using the system will be possible at more than one million locations within the next few days, with in-app payments and loyalty expected later this year. More
Almost one in six US consumers are using mobile wallets
Almost one in six US consumers (15%) have used a mobile wallet in the past six months, up from 9% in the same period in 2013, and an additional 22% are likely to adopt mobile wallet functionality in the coming six months, a study released by market research and consulting firm Chadwick Martin Bailey has found... More